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4/25/2020, 8:28 PM (Source: TeleTrader)
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Air France-KLM CEO: 2 years needed for normal activity

In order for the aviation sector to return to normalcy, as much as two years may have pass, Air France-KLM CEO Benjamin Smith told French media on Saturday. Smith stressed the ability of passengers to travel and border openings will impact the return to standard operations most.

However, he pointed out that French government loans will help the airlines "pass the most difficult period." Smith added the the funds will need to focus on employees. The company may also be asked to cut CO2 emissions in order to get the aid, but Smith noted Air France-KLM already had plans to slash 50% of its CO2 footprint in the next ten years.

Earlier, France said it would give the firm €7 billion in loans while the Dutch government noted it will set aside somewhere between €2 billion and €4 billion for the airlines.

Breaking the News / VP